Indium 111 Pentetreotide Market
The market for Indium 111 Pentetreotide was estimated at $564 million in 2024; it is anticipated to increase to $1.01 billion by 2030, with projections indicating growth to around $1.64 billion by 2035.
Global Indium 111 Pentetreotide Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Indium 111 Pentetreotide industry revenue is expected to be around $621.6 million in 2025 and expected to showcase growth with 10.2% CAGR between 2025 and 2034. The rising significance of the Indium 111 pentetreotide market is mainly driven by its growing application in medicine for precise cancer treatment and its exceptional ability to detect neuroendocrine tumors effectively. The medical field is facing increasing pressure due to shifts and improvements in healthcare facilities along with a rise in chronic diseases. This has led to a demand for advanced imaging technologies and diagnostic tools like Indium 111 pentetreotide. This surge in demand underscores the importance of Indium 111 pentetreotide, in the market and its economic impact.
Indium 111 pentetreotide, also known as Octreoscan, is a of medication used in imaging that has gained widespread recognition for its unique characteristics and versatile uses in the medical field. Primarily known for its capacity to attach to somatostatin receptors in neuroendocrine tumors due to its specific targeting capability this radiolabeled somatostatin analogue is most commonly employed in OctreoScan procedures which are essential, for accurately diagnosing and determining the extent of these tumors.
Market Key Insights
The Indium 111 Pentetreotide market is projected to grow from $564.1 million in 2024 to $1.49 billion in 2034. This represents a CAGR of 10.2%, reflecting rising demand across Medical Diagnostics, Neuroendocrine Tumor Therapy, and SPECT Imaging.
Curium, GE Healthcare, and Mallinckrodt are among the leading players in this market, shaping its competitive landscape.
U.S. and Germany are the top markets within the Indium 111 Pentetreotide market and are expected to observe the growth CAGR of 7.4% to 10.7% between 2024 and 2030.
Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 9.8% to 12.8%.
Transition like Increasing Adoption in Diagnosis is expected to add $109 million to the Indium 111 Pentetreotide market growth by 2030.
The Indium 111 Pentetreotide market is set to add $926 million between 2024 and 2034, with manufacturer targeting Neuroendocrine Tumor Therapy & Radiopharmaceuticals Application projected to gain a larger market share.
With Growing demand for effective diagnostic procedures, and increasing Incidences of Neuroendocrine Tumors, Indium 111 Pentetreotide market to expand 164% between 2024 and 2034.
Opportunities in the Indium 111 Pentetreotide
Growth Opportunities in North America and Europe
Market Dynamics and Supply Chain
Driver: Growing Demand for Effective Diagnostic Procedures
Restraint: Regulatory Hurdles
Opportunity: Emerging Markets Prospects and Personalized Medicine Advancements
Challenge: High Cost of Production
Supply Chain Landscape
Raw Material Acquisition
Indium Processing
Radioisotope Production
End User
Raw Material Acquisition
Indium Processing
Radioisotope Production
End User
Use Cases of Indium 111 Pentetreotide in Medical Diagnostics & Neuroendocrine Tumor Therapy
Recent Developments
Octreoscan plays a role in the pharmaceutical field and is driving progress in medical imaging technology forward. Its growing use in the diagnosis and treatment of neuroendocrine tumors has been highlighted in market trends. This rise in applications demonstrates a rising need, for Octreoscan and contributes to the expansion of its market.